Vanuatu Forex License
The Republic of Vanuatu is an island located in the South Pacific long known as an international offshore financial services center. The Island is a parliamentary democracy with a strong constitution. A former protectorate of Great Britain, the primary language of Vanuatu is English. While the Vanuatu dollar is the official recognized currency of the nation, the United States dollar is widely recognized and accepted. All major international currencies are supported in Vanuatu by a stable and robust banking system.
As an offshore financial services center, the Republic of Vanuatu is widely respected and recognized. The nation boasts a no tax regime on offshore profits and only a minimal stamp duty on domestic share transfers. As an asset protection haven, the island offers significant hurdles to affixing liability, including a restriction against the domestication of foreign judgments. For such reasons, sophisticated financial services organizations have flocked to the small, yet exceedingly stable, island nation.
The Republic of Vanuatu is an ideal location for promoters of Forex businesses. Vanuatu offers a Dealer in Securities License which covers all related forex activity, including both acting as an introducing broker and direct broker. The licensure is recognized world-wide and many top forex brokers are licensed in Vanuatu. In addition, the process of obtaining a license is both cost effective and can be accomplished quickly.
Advantages of a Vanuatu Forex License
Aggregate daily trading volume in the forex markets exceeds $4 trillion. The streamlined and cost-effective process in obtaining a Vanuatu Forex license can place you in this lucrative market in as little as three months. With increased volatility in the global currency markets, spreads have increased – and with that so have forex brokers’ profitable to the tune of over $1 billion annually. As such, smaller forex brokers are capturing tremendous returns owning just a small piece of this lucrative market.
Vanuatu Forex License at a Glance
|License||Financial Dealers License|
|Time to License||3 to 4 Months|
|Capital Requirement||Approx. $40,000|
|Tax Structure||Zero (0%) Percent|
Vanuatu Forex License Package
- Establish Vanuatu international business corporation.
- Preparation and drafting of shareholder and officer agreements.
- Preparation and drafting of narrative business plan.
- Preparation and drafting of current financial statements.
- Preparation and drafting of 3 years financial projections.
- Preparation and drafting of personal financial statements for owners.
- Preparation and submission of application with Vanuatu FSC
- Preparation and drafting of responses to Vanuatu FSC
- Identification and engagement of auditor and forex prime broker.
- Facilitate opening of bank accounts and payment processors.
- Preparation and drafting of AML/KYC policies and procedures.
- Preparation and drafting of client agreements and disclosures.
Contact the Vanuatu Forex License Experts
Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the forex licensing experts at FinLaw to begin the process of obtaining your Vanuatu Forex License today. Our knowledgeable and skilled professionals are pleased to answer any of your questions.